June 3, 2022
Consider our favourite corporate acronym, ESG. And digest this delicious narrative shift; there is an alignment with BTC that is truly (or perhaps wilfully) under appreciated. Bitcoin is an exceptional example of distributed governance. The network can alleviate our current social ills by fostering financial solvency and a can-do, entrepreneurial spirit. And mining has environmental qualities that can no longer be denied. It's bloody remarkable, this magic internet money.
March 24, 2022
There is one thing that evades me, however; proper interaction with others interested in this 'big picture' thinking. It reflects a prior reluctance on my part to share what I write, other than passively publishing on this site. That reluctance is beginning to fade (thankfully), as I reach firmer conclusions about who I am (an investing, thinky type) and what I have to offer (legible English, quirky subjects and half decent interweb skills). It explains why I have a 'contributors' page. This ain't meant to be a one man mission!
January 11, 2022
Bitcoin, the asset, is the purest store-of-value we have ever seen. It is the simple conversion of energy (via math and code) into verifiable truth, whether via hydrocarbons, renewables, nuclear reactions or even god damn volcanoes. Real estate is stale in comparison; you may expend energy to form static bricks, aluminium or concrete. But it just degrades without active maintenance. Gold, whilst durable can be centralised or even confiscated. And don't forget the high costs of extraction. So where does this leave our good friend fiat?
December 31, 2021
We've reached the end of 2021, folks. As we conclude the second (and hopefully last) year of bug-related twists and turns, it feels pretty good to sit down, take a deep breath and enjoy a well earned rest. Traditionally, I'd be knee deep in a strange mix of pork pies, chocolate and beer. But 2021 hits a little differently. Y'see, this is the first time I can look back at a solid 12 months of musing. And on reflection, the back catalogue has captured an evolving state of mind during this rollercoaster of a year.
November 23, 2021
For a few weeks now I've been trying to establish a clear worldview on the wider Crypto landscape. Y'see, I'm fairly settled on the epic store-of-value proposition that is Bitcoin. I've dived into the gory details, gained some practical skills, and completely overindulged in the 24/7 debates sparked in Twitterland. And just like a BTC-Big Mac in El Salvador, it all feels rather warm, gooey.....and potentially fatal. So to address this intellectual comfort, I must stress-test my understanding of Bitcoin. I must fuel my curiosity by casting a wider net.
All is not what it seems, especially when you develop a strange fascination with assets, Nixon and monetary history. Jack attempts to settle his bill with a dollar from 1980 (when the film was released). But the barman, a figment of the 1920s, does not equate Jack's money with his own. How so? The clue is in the name; The Gold Room. The barman cannot accept 1980 dollars because they are a very different beast to 1920s dollars; they are no longer redeemable in gold.
In its purest form, commerce acts as the great motivator, the ultimate mentor. We conduct our commercial affairs against a backdrop of economic and trading uncertainty. Our decisions and behaviour are constantly pitted against known unknowns and unknown unknowns. We are drawn to ingenuity and innovation through the actions and presence of our competitors. We observe, learn from, and adapt to ever shifting risks and opportunities.